Latin America's Economy: Uphill or Down?

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The pessimists say that the party is over for Latin America. That with the collapse in the price of commodities and shrinking foregin capital, the region cannot continue on it's upward trajectory.

The optimists say that they answer to the decline lies in focussing economic activity more in local markets, where a growing middle class is increasingly looking for better products and services.

These and other scenarios will be touched upon during the latest analysis of the region's economic forecast by the World Bank's Chief Economist, Augusto de la Torre, in a link webcast and webchat on the same page.

De la Torre warns that in this new international panorama, it's important to recognize the role played by more stable capital flows such as remittances and direct foreign investment.

What does this all mean for employment, business and the pockets of Latin Americans? What level of growth will Latin American countries reach in 2014?

Featuring

Hello! My name is Lauren Smith and I am a high school student from the United States. I am doing a project on the economy of Ecuador. I must ask: how much does the economy affect the Ecuadorian people? Is it a common dinner table discussion as it is in the United States? Is the government directly involved with the people and their affairs, or are they their own separate entity? I would love to get more information on such topics.
Thank you!
Sincerely, Lauren

Dr. Ashish Manohar Urkude

India

Don't you feel by putting views from pessimists, the people in Latin America will be forced to migrate in millions for job or education or for living normal lives? Then why not it's taken seriously and a proper solution is found out by World Bank? Why not World Bank Group / UNO proactively become solution providers?